• 01 Introduction

In the dynamic world of blockchain technology, Stacks stands out as a decentralized open-source blockchain project. It serves as a Bitcoin layer for smart contracts, empowering developers to build on the blockchain without permission.

Much like Bitcoin, one of the core principles of Stacks' decentralization-oriented governance model is to ensure that no single entity exerts dominance over the direction of the network.

To achieve this goal, Stacks network is governed by a decentralized community, including developers, users, exchanges, investors, Stacks miners, token holders, and other stakeholders worldwide. They collaborate through the Stacks Improvement Proposal (SIP) framework to shape the network's direction.